Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-07-12
IL SALES IN THE FIRST SIX MONTHS

Funded Capita
Utah Eastern Jtah 453, 900 2s7 OO
50. q. g. 5yI iva va III $4,000 $4,000
6 > lTsXas sio -,...,. les I,asocoo 2,5oooo
Ind. Bloom. and
West o.. Ind. and
H.. ........::...... 887 N,l37,Coo lO,cOooOt
vile g. O., ohio - 10000 $4,000
Memphis and J.. R.
third sale lArk) . 10 3'S5OOJ0 10000,
ShenangO ana Ale
gin ny Ipd.1.... - 100000 EUO,0
G. i / renn i,.ISs =. p 100000 100000
"a ia, 2 ga and and -, Is 4nooo l,74s.ooc
5Ky.I.,,.. 80. ..l,' 2l7 100000 5,4GGooo
! Chalt4rol lky)......- 90 100000 $4,000
eastern jE si!5j I." Il 10000 10000
Penn. q. c. SPaJ 50 100000 100000
| New York, hiCago
Uj.....,,..:;'..,...- 5.5 2O,o55 GOO 5o,oooOOo
! 81. Louis. Fort Scott
and Wich. Kan 81 An COO 100000
Gcid JIud. and nd Iii.) 152 4,5o3O0O 5OOcOl
| Denver Circle n. g. ll2,COO 100000
Pittsburgh and West
ten l'a I........... 2ll j.~IO.ugu T.25O0CU
New YORK, Woodha-
W. -. IL I7soooo 100000
Total 10 roads .....S2,Hs G7,ICsooo SS9,77O,oco
Total funded debt
and stock, .......... SG5G,g5S, 600
Estimated,
From this it appears that during the
past six months nineteen railway COM
panies, with Q bonded debt Of SCI,
GOO and a nominal capital stock of $780,.
no, 900, making total Of nearly $751;
Co., 900 OF securities, have been sold
under orders of courts and passed into
the ghends Of new prOprietors While
these are very large fguTess they are
small in comparison with those which we
gave for the corresponding period of 1886,
when, although the number Of roads sold
was less by two, the mileage was jl92
miles, or more than two and g half times
that of the last six months, and the
apparent capital investment was
nearly 1922, 600, 900 against Sl57, 000,-
600 for the present year, or nearly double.
There have also gone through the process
Of sale since the first of the year three
roads not Included in the above list-the
New Castle and Northern, Little Rock,
Mississippi River eGd Texas and Cincin-
nail and Eastern, but ell Of these were
sold under foreclosure during 1856 and
included IN our list for that year. The
proceedings against them this year were
simply re-sales ordered On account Of
some defect in the original sale,
and hence they do not properly
ba,Olg in the record of foreclosures
for 1887. There have also been sold
the franchises OF two incomplete roads,
the Kentucky and Great Eastern and ST.
Louis and Western, whose assets and
liabilities sre merely nominal and which
are not entitled to figure in the list of
completed roads. As our list does not
extend beyond the United States it does
not include very important foreclosure
sale this year, that of the Mexican
National Railway with 765 miles of COM
pleted road, S37, 7G7, 200 of funded debt
and S25,875, 900 of capital stock, or S !
total Of nearly S64 100000 Of securities,
which have been scaled down or trans
ferred to new hands by the process of
sale.
II the record OF foreclosures for the
first six months should be taken as an
indication of what is TO be expected for |
the entire year it would still be far from
gratifying. But while there sre many |
roads still in the hands Of receivers their /
number and the amount of liabilities in |
vowed nave DGeu SO SLeRuly decreasing [
that the sales for the remaining six |
months of The year ere not likely to equal
these already reported. II will be seen,
that III the list of .
nineteen roads above given two
ere of unusually great magnitude,
namely, the New York, Chicago ana st.
Louis-the i'll conceived and III fated
''Nickle Plate''-with its 523 miles of
main track and its SO, 900, 900 of heavily
watered securities, and the Indiana,
and Western with 3S7 miles
OF track and 524, 000 900 of securities.
The Kentucky Central representing 5l2,-
JOG,OOO the Pittsburgh and Western $751;
300, 900, the st. Louis, Fort Scott and
Wichita Sll, 100000, the Memphis and
Little Rock 81 $50, 0C0, the Indianapolis,
Decatur and Springfield S5,00O,OO0, and
he Texas-M Mexican nearly 81 000, 900,
.lso help TO swell the aggregate above the
average for the same number of roads.
1t is gratifying to find that the number
If new reCeiverships appointed during
he past six months is very small, less
indeed than ia the same period for many
ears. Our records show only the fol-
wing.
sECEIvERsHIPs IN THE FIRST SIX MONTHS OF